Toyota has announced that it has cancelled its traditional pre-season launch for its new car in order to show its 'commitment to overall cost reduction in Formula 1'.

A statement to the media read:

"The Panasonic Toyota Racing can today confirm that the new TF109 car and the team's 2009 livery will break cover for the first time on 15 January 2009.

"However, to emphasise its commitment to overall cost reduction in Formula 1, the team will not proceed with its traditional pre-season event programme."

As such studio images of the TF109 in its new 2009 livery will be made available to the media on January 15 through the internet.

"In addition, the 2009 press pack, which will include exclusive interviews with the team's drivers and top management as well as features and information on the team, will also be released on January 15."

The Cologne-based outfit will then begins its 2009 pre-season testing with the TF109 on January 20, the opening day of a three-day test at the new Algarve Motor Park in Portugal.

"This will be the first opportunity for the media to discuss the TF109 and the 2009 season with drivers Timo Glock and Jarno Trulli, as well as selected team personnel," added the outfit.

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